S&P: The tide breaker

To be honest, I dislike the S&P perspective right now. I think the price has extended beyond the bearish point, which is a mistake. The hike is still happening in the near term and the global slowdown hasn't gone away, all the other markets are being pushed solely by the S&P strength and I find this a bad pattern. Also, the chart seems to show a bearish flag , I'd pay attention to the last high (2107), if the price is unable to break that, you should consider reversing your longs. If there's a volume confirmation beyond this point, I'll change my stand to bullish, until that happens I'm still a bear. Good luck.